Cement Company Nuvoco Vistas’s Rs. 5,000 Cr IPO to Open on Aug 09

One of the leading Cement Company Nuvoco Vistas is proposing to open its initial public offering of Equity Shares (the “Offer”) on Monday, August 09, 2021 and close on Wednesday, August 11, 2021. The price band for the Offer has been determined at Rs. 560 – Rs. 570 pe

BY Realty Plus
Published - Thursday, 05 Aug, 2021

Cement Company Nuvoco Vistas’s Rs. 5,000 Cr IPO to Open on Aug 09

One of the leading Cement Company Nuvoco Vistas is proposing to open its initial public offering of Equity Shares (the “Offer”) on Monday, August 09, 2021 and close on Wednesday, August 11, 2021. The price band for the Offer has been determined at Rs. 560 – Rs. 570 per Equity Share. The total Offer size is up to Rs. 5,000 crores with a fresh issuance of Equity Shares, aggregating up to Rs. 1,500 crores and an offer for sale of Equity Shares aggregating up to Rs. 3,500 crores, by Niyogi Enterprise Private Limited (the “Promoter Selling Shareholder”). The Company intends to utilize the proceeds of Rs. 1,350 crores from the fresh issue for repayment/prepayment/redemption, in full or part, of certain borrowings availed of by our Company, besides general corporate purposes. ICICI Securities Limited, Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, JP Morgan India Private Limited and SBI Capital Markets Limited are the book running lead managers to the Offer (“BRLMs”).